This article applies cost-benefit analysis to the Canadian Pacific commercial salmon fishery. It demonstrates that government policies to preserve the fishery have resulted in higher net social costs than would have resulted from a "do nothing" policy, notwithstanding the rent dissipation...

A strongly held piece of conventional wisdom is that liberalizing barriers to international trade stimulates increased competition, which, in tum, promotes lower domestic prices and increased efficiency. Against this background, competition policy authorities seem to be taking a relatively...

The Canadian system of publicly provided health care has been praised for its cost containment attributes. Conventional cost measures do not identify costs associated with rationing access to medical facilities. This paper explores the economic relevance of hospital waiting lists and offers...